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  • Borrowing expenses

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    You may be able to claim expenses you incurred directly in taking out a loan for purchasing shares which can reasonably be expected to produce assessable dividend income. The expenses may include establishment fees, legal expenses and stamp duty on the loan. If you incurred deductible expenses of this kind totalling $100 or more, they are apportioned over 5 years or the term of the loan, whichever is the lesser. If your expenses are less than $100, they are fully deductible in the year you incur them.

    Last modified: 05 Dec 2006QC 16138